Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal.
Question:
Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a cash payments journal like the one in Exhibit 7.11. Journalize the following transactions that should be recorded in the cash payments journal.
June 3. Issued Check No. 380 to Skipp Corp. to buy office supplies for $235.
5. Purchased merchandise for $3,200 on credit from Buck Co., terms n/15.
20. Issued Check No. 381 for $3,200 to Buck Co. to pay for the June 5 purchase.
23. Paid salary of $4,800 to T. Bourne by issuing Check No. 382.
26. Issued Check No. 383 for $2,250 to pay off a note payable to UT Bank.
Data From Exhibit 7.11
Transcribed Image Text:
Cash Payments Journal Page 2 EXHIBIT 7.11 Other Accounts Cash Payments Journal with Date Ck. No. Payee PR Cash Cr. Inventory Cr. Accounts Dr. Payable Dr. Account Debited Posting Feb. 3 105 L. & N. Railroad 15 Inventory Inventory Ace Mfg. Co. Salaries Expense Wynet & Co. 119 15 Individual amounts in the Other Accounts Dr. column and the 12 106 East Sales Co. 119 25 25 15 107 4 Ace Mfg. Co. Jerry Hale Wynet & Co. Smite Co. 196 200 - Accounts Payable Dr. column are posted immediately. 15 108 622 250 250 20 109 147 3 150 28 110 Smite Co. 294 6 300 Column totals, except for the Other Accounts Dr. column, are 28 Totals 927 13 290 650 (101) (119) (201) posted at the end of the period. General Ledger Accounts Payable Ledger Cash No. 101 Company Name Ace Mfg. Company Date PR Debit Credit Balance Date PR Debit Credit Balance Feb. 28 R2 19,770 28 D2 Feb. 5 P1 15 D2 25 P1 19,770 200 200 927 18,843 200 100 100 Inventory No. 119 Date PR Debit Credit Balance Company Name Horning Supply Company Feb. 1 bal. 15,700 Date PR Debit Credit Balance 3 D2 15 15,715 Feb. 3 P1 350 350 12 D2 25 15,740 28 S3 1,500 14,240 Company NameITT Company 28 R2 12,550 1,690 Date PR Debit Credit Balance 28 P1 1,150 Feb.28 P1 225 225 2,840 28 D2 13 2,827 Company Name Smite Company Date PR Debit Credit Balance Accounts Payable PR Debit No. 201 Date Credit Balance Feb. 20 P1 300 300 Feb. 28 P1 1,325 1,325 28 D2 300 28 D2 650 675 Company Name Wynet & Company Salaries Expense PR Debit Credit No. 622 Date PR Debit Credit Balance Date Balance Feb. 13 P1 150 150 Feb. 15 D2 250 250 20 D2 150
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